India's markets regulator greenlights Hero Fincorp's $430 million IPO
The IPO of the financial arm of two-wheeler maker Hero MotoCorp (HROM.NS), opens new tab is valued at 36.68 billion rupees (about $430 million).
It consists of a fresh issue of shares worth 21 billion rupees and shareholders will sell stocks worth 15.68 billion rupees, as per the prospectus.
Hero Fincorp's IPO comes at a time when investor sentiment has taken a hit due to global trade and geopolitical tensions.
Companies seeking to tap the Indian capital market have either delayed or downsized their IPOs this year, including LG Electronics India (LGEL.NS), opens new tab.
The value of shares sold in India at IPOs is down 5% year-on-year in 2025, LSEG data from early-May showed, while the number of issues has dropped 31%.
The blue-chip Nifty 50 (.NSEI), opens new tab is down about 6% from record-highs hit in September.
($1 = 85.3500 Indian rupees)
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